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20110701
20110731
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. >> the largest possible deal. >>chris: the president wants to go big so why are the numbers going down? welcome, everyone, i am here for neil cavuto in "your world." a new round of debt talks get under way at the white house but it is not all smiles. because the president's listen is not looking so grand. we have gone from talk of $2 trillion in cuts to $1.7 trillion and now closer to $1.5 trillion. and there is in guarantee that money won't go lower as the talks drag on. utah republican senator lee thinks we need to go back but $1.5 trillion in cuts spread out over ten years is that going big? >>guest: no, in the big at all. i am not sure it is going anywhere. one congress cannot bind another congress. so no matter how big the cuts are, if they are stretched out over 10 years and not accompanied by a constitutional amendment we have no guarantee they will be followed. >>chris: do you get a sense both sides are trying to get a deal and making it small enough to be palatable because the democrats and the administration will not make a big deal without tax increases, so both will take small incre
that is not the whole story? >>guest: you are right. people forget, and i forgot that obamacare, the big health care reform bill had half a trillion of new taxes over the next 10 years including tax on health insurance companies on investment income and hospitals and pharmacy companies and on employers so it is a major tax increase, the biggest ever in the last 25 years. people forgot about it so when democrats say to make it balances we need a tax increase, what we wrote today, didn't you just pass a big tax increase last year? you want $1 trillion increase on top of that? >> and so many of the tax increases do not come online until years down the road, so, although it was passed, and you think you may not have been slapped with it yet, in 2013 and 2015 and 2018 you will be. >>guest: gentleman that is why people for got. they did not take place until 20 thin or 2014 and some in 2018 for the health care plan. the question we have to ask, then, can the economy really get out of the rut with 9.2 percent unemployment and 14 million unemployed with $500 billion tax increase already in the works and, the
with you. senator johnson from wisconsin. debt talks breakdown and will big ben step up with the big cash? bernanke suggesting he is ready for pump more stimulus into the economy if needed and that had stocks soaring early in the day and the dow jones industrial average having trouble holding on to the gains finishing up just 45 points. the fox business network is keeping track of it all. we lost all the gains we had early in the day. >>guest: but investors will take what they can get because there we saw the sell off later if the session we did post gains and that snapped a three day losing streak for the stock market. so, the dow finishing up with a small gain and the s&p with a 4 point game and at 10:00 a.m., bernanke sat down before congress and in his testimony heed laid out the open door for a possible qe3, the government bond buying program which is looked at as stimulus for the markets and off to the races and the market, as you said, rallied 150 points early in the session, but, this is still a lot of concern about the debt crisis going on overseas and it was another downgrade
and that could seem like a big hit, but close to 97 points today, but obviously celebrated by day's end but with the losses here, we are battling reaction to not only no progress on talks in washington, but not much good news on the economy, in general, with more indications of that from a hot -- host of companies including merck laying off 13,000. and at 6:00 p.m. eastern, we are waiting for two hours when the house of representatives will take up the boehner measure. that is the measure that will include a balanced budget amendment to make it more palatable for conservative members who did not quite fine it their cup of tea. the tea partyers were not fond of it and even if john boehner gets the vote what happens after that? harry reid has all but said he will table it, and it is not going anywhere, and he has his own plan in the senate which will be introduced this weekend, which is not palatable to all of his members and may not make the 60 vote he needs and after the senate would not get any support in the house of representatives. so we are at loggerheads. reaction from republican
people but a lot of confusion among those in washington as to what is really happening. and that is a big part of the problem. both sides of the aisle are able to sell their point and sell their position to the american people and i think the membership are saying, okay, if he said it is true it must be true. >> i don't think that is true. these people are pandering and it is not just obama. everyone is a pandering, government spending is taxation. this is the highest government spending as a share of g.d.p. in the history of the united states since world war ii. bill clinton cut government spending as a share of g.d.p. dramatically. bush and obama have increased it dramatically. it's a real problem. now, our tax rate is lower. yes. but tax rates only do the amount of money you collect. not the amount of debt you erupting up which is, really, what taxes are in this system. so, you have to cut government spending in this. it is not a time -- if i went to my boss and i said, my wife and i are way overspending, i want to do a balanced approach, would you pay me more and i will cut become on
with that. if you have somebody applying games on their taxes we all have a stake in this. we all have a big stake in america succeeding. so i believe we should have a more equal, fair tax system. but i can tell you, to vilify a group of people and to say to the jet owners if we continue to give you tax breaks we will take money out of granny's social security check that is a false choice like raising the debt ceiling. the research counsel, a bipartisan group, has said we will not default on our debt, we have enough money to pay social security, medicare, medicaid, government contractors and the military, current military people, and veterans, and still have $7 billion left over after august 2nd. so let's stop with the false choices and get on with the real business. >> there is a bifurcated thought process on what will happen on august 2nd. always good to chat with you, craig. craig smith, thank you. and now, the sunday she down, the job numbers give republicans more am fission to -- more ammunition to fight off tax fight discussions. i guess it depends on who you ask? >>governor huckabee:
afternoon if he chooses and possibly friday. a big day for thursday morning. but at 2:15, after deliberating nine hours the jury bought what baez said during the closing argument. his clients, casey anthony could be a lawyer but she is not a murderer. >> the first-degree murder, we find the defendant not guilty, dated on the 5th day of july, 2011. and the charge of aggravated child abuse, verdict of count two, we the jury find the defendant not guilty, so say we all, in orlando, orange county, florida, 5th day of july. and as to the charge of aggravated manslaughter of a child, verdicts as to count three we fine the defendant not guilty. phil: huge tears from the eyes of casey an don't and she started to break into smiles, large smiles, like you have not seen her smile for the past three years. not publicly on camera. not a big smile but, today, an absolute celebration full of emotion, full of tears, you can see the tones -- attorneys congratulating contrasted to the prosecution table as the lead prosecutor and her two cocounsel all looked ashen in utter disbelief that despite all of the for
: unless i put a big fat canoli in front of you. >>neil: the idea is we have to get jobs going, and you talk about what is making your life difficult, regulation and price of oil and gasoline which prohibits people from buying bakery products but this must not be encouraging. >> it is more lip service to the public. it is nothing but a constant game of, what can we say to cover our butts? there is no fact. it is all fiction. these people can suddenly say if we don't get this done we will go into the worst depression we have ever seen. but, see you later because i have to have hotdogs and beer this weekend. i got a bakery to run and when your producer so-called, in st. louis the heat index is 105 and i'm on the roof doing tar flashing and thinking, well, are they stretched back on the first-class seat on the way home or maybe riding in the personal airport that the president wants to tax everybody on, on their way home for the weekend because they needed to get there quick. it's more lip service. it shows, truly shows, truly how much our bigs get it and how much they care. i don't know h
quarter on g.d.p. growth, and that is the debate on wall street. >> i will show the big board again if we can, a lot of you will look at this and say 200 points because washington is not doing anything, that is part but it is not the majority of what is happening here. a lot of this is having to do with concerns of slow down is happening and we could revisit a serious slow down, if not a double dip, companies lime emerson saying things have turned south. i am not dismissing what is beginning on in washington but for wall street the front burner issue is the concern of the double dip. that is the reality. and, then, there is this. (inaudible) fabio challenges you at 9:00 a.m. on the internet. >>neil: taking on the old spice guy and now, he is responding. >> i accept your challenge. >>neil: if you think that is spicy enter another, and we have the real spice, live from washington. me. we are ear all over the spicy hot debt battle with some of the biggest names in the business kicking off at 4:00 p.m. with mark levin and many others, the big budget brawl continues, alive this weekend on satu
administration owes us a big answer. >> the rob is not everybody agrees as hard as it is for us to believe. the evidence is in the circumstantial, they were his bite marks on her body. the evidence is strong. but the mexican government and there are a lot of people in the international community that are saying, look, we don't think he got a fair trial and there could be u.s. citizens at risk abroad if you don't follow the policy of the treaty. >>guest: see, this is why it is a political issue and not a legal issue and that is why i am outraged. he would not play politics with the death of another kind of person, it had to be a girl and is sex crime. look, here is the issue. we do have a treaty with mexico. but if there was a country where we shouldn't be overly concerned about respecting the treaty rules, it is mexico. they have, in the few years ago, a report was done by the justice department saying mexico is out of line, disrespectful of treaty responsibilities with the united states when it comes to our citizens having legal issues and dilemmas in mexico. what are we doing? why with t
savings, those are probably phony but here the important thing, no tax increases this is a big development in this budget story. [ talking over each other ] >> neil: you are making the assumption that there isn't an add-oncoming. you are right, the deal itself, [ talking over each other ] >> neil: don't jump the again. more than a trillion coming out of the wars. republicans have factored in that math as well. do you think given your point of view, that others will jump onboard of as the best thing out there? >> i think this is the basis for a deal. we have to jiggle the numbers, you are right. a lot of numbers in reid's budget proposal are phony. i think it is significant. weeks ago, harry reid put forward a budget with two trillion of tax increases, now he's at zero, that's a big deal. >> neil: we've been mentioning the markets and how they've held on. is that because they are factoring in a deal at the last minute or that they are okay, no matter what happens? >> i think the market has come to the perception we will have a deal. i think we are going to get a deal within 48 hours of augu
the beginning. >> a big reason why ron paul wants to focus on his presidential bid announcing today he will not seek another term in the house of representatives. and now in the first television interview since that surprise announcement the g.o.p. candidate will be on sbn tonight at 6:00. you don't get it? demand it! she called it a death panel and now some democrats agree, the list of lawmakers against the cost control board is growing. could it spell death for the health care law? he reports and you be the judge. stay tuned. woman: saving for our child's college fund was getting expensive. man: yes it was. so to save some money, we taught our 5 year old how to dunk. woman: scholarship! woman: honey go get him. anncr: there's an easier way to save. get online. go to geico.com. get a quote. 15 minutes could save you 15% or more on car insurance. >> opposition growing not from republicans but from democrats over a controversial health care advisory board. at least eight democrats now want the independent board gone. it is a board the republicans call "a death panel." but the judge say
will this guy vote? he will tell us. and only us. look at the corner of wall and broad on the big board the dow jones industrial average down 6 2 1/2 points. we focus on the markets for good reason, we are led to believe they are sort of waiting to see what comes out of washington. but, are we making a mistake if we go the other way and conduct national policy, political long term debt policy based on the market? charles says "be careful." >>guest: be very, very careful. you have a couple of things going on. first the scare tactics that everyone is using in washington, you remember when the tarp vote did not go through and the dow jones industrial averages with down 700 points. do you want that to happen? president bush signed tarp into law october 3rd, 2008, march 9, the dow jones industrial average was off 4,000 points so that was not a panacea. unemployment got worse. our economy got worse. we have to be careful about worrying about the knee-jerk reaction. because they have said it so many times and because harry reid compared it to the great depression and armageddon there will be self self
. and on the heels of the white house saying they were open to including entitlements. the big problem is each day we get a misinformation from both sides of the aisle. >>guest: that's why i said, and i have a radio show and i hear people saying we are not just demanding those things of this president. we demand these things of the republican side. this is what they have to understand. we're not stupid. the politicians in washington, dc, republican or democrat, need to get over thinking they can act like we're stupid. really solid reason could prevail to they let us in the conversations. i believe that. >> always good to that with you, thank you, gina. the president is open to cutting social security with the white house saying this is nothing new here. house minority leader cantor open to cutting tax loopholes. are you confused? you are not alone. from hill.com, bob, we were just talking, nancy pelosi is a perfect example and he is in the alone and it is not just the democrats. i always get news countering the news i got yesterday afternoon of where we stand and who is talking about what. >>guest: w
jones industrial average stock market especially the s&p stocks. these are the big boys on the block, the top 500. they issue dividends right now and the balance sheets look good and they are profitable and undervalued. that is good place to go. >>stuart: i heard going into the big name, big american-based multinational corporations, they are safe. but, if you put your money into a lost them over 10 years, you have gone nowhere and sometimes you have gone down. >>guest: well, of course, there is that element of risk. yet when you look at the companies right now they have already adjusted for the things in the marketplace right now. you are looking at emerging economies that could be slowing down. you are looking at the debt ceiling, the issues that are going on with that and you are looking at sovereign debt. and a lot of the big companies have already adjusted for that and so they are relatively cheap such as boeing and mcdonald's and caterpillar. >>stuart: you buy gold at $1,550 and big multicorporation stocks would you buy a bank cd and earn a miserable 1 percent and sleep safely?
, buddy. big money guys are begs these gives to get in. what does that say? will it be lights out when we plug in? ly. casey mears, driver of the number thirteen geico toyota camry. geico, saving people money on more than just car insurance. on a track that simulates the world's toughest roads. ♪ [ tires screeching ] ♪ if it can survive this drive... ♪ it can survive yours. the nissan altima. innovation that lasts. innovation for all. ♪ >>neil: an only podium in the house of representatives and the s&p, the credit rating agency that missed the financial meltdown a few years back, but that is just details, members of the s&p are meeting with at first what was to be republican members of the house of representatives but now citizenned to all republicans and i don't if that includes the senate, probably not, but they are going over what happens if the event of default and what is at risk. many argue that happens annually if the debt ceiling is not raised and others disagree. and freshman congresswoman put this together and will be my special guest at 6:00 p.m. to detail what happene
. cut, cap and balance, a big victory for house republicans last night, but, you would not know it today watching the white house press briefing. we counted just two questions about the g.o.p. plan, one to ask if it was a waste of time versus 14 for the "gang of six" plan which the president favors. tim graham not surprised a media research center worker. you thing the media is pushing the president toward the democrat plan, right? >>guest: they are failing to explain what the republican plan is. that you could go back through the transcripts and try to find the network using the word "cut, cap and balance." this is something that the house republicans have been formulating almost virtual media silence. they do not feel it is necessary to describe what it is but to just begin by announcing when it actually passes they say it is a failure and a waste of time. it is quite extraordinarily. >>stuart: some of the language they are using it calling it the ill fated cut, cap and balance, and those words tend to be attached to cut, cap and balance. ill fated was in "the hill," and there are othe
is not involved in the shut down talks this year not playing big role here. and people are getting jealous that the president is meeting with john boehner and on republican side a lot of the tea party guys are not trusting john boehner, they are skeptical that he is going to blink and both the left and the right are so entrenched here and i don't know how someone is not going to be badly politically damaged with whatever tell they come up with and, again, why see the votes at this time. how do they get there? john boehner has called this a rubic's cube. it is difficult to get a solution. >>neil: but they are aware of the deadlines and this is the day that the administration argued you had to get the agreement in place so you could avoid the august 2nd potential default and by that we just mean that you hit up against the limit and it doesn't mean that a downgrade, per se, or that we go and solve it, there is a higher risk of that. we will play that out. we hit that deadline, if we break that deadline, how soon before you think the credit rating answers react? >>guest: they have been aggres
. is this a big worry? and now, my guest is joining me. can we get the unemployment rate by low 9 percent if gas is close to four bucks a gallon? >>guest: it will be tough. it makes it more expensive to business to run business when it comes to shipping businesses and the industrial machine of the united states, and, really, the global industrial machine so that is, really, tough, and a balancing act they have been trying to play and obama has been trying to play and they are not successful. >>stuart: is gas prices the mover to slowing the committee down? >>guest: there are so many movers, it is just one of the of -- movers and if you look at our economy, the unemployment is a big factor and housing, although we have better numbers they are not where they need to be, and there are a ton of factors but it does not help because the hard gins shrink and you can only subsidize the higher gas prices so long and they are passed on to the business owner and the consumer. >>stuart: this wasn't supposed to happen. we released oil from the strategic petroleum reserve and we are supposed to drive oil price
host has been a big proponent of the national sales tax idea. another buddy of mine has picked up that banner and has run to washington with it, which is good. the thing i'm a fan of is everyone having skin in the game. fan of fair tax, flatf[ tax. this idea that 42% of americans don't pay anything into the problems that president obama and the congress are grappling with now that is morally wrong. >> neil: 51% are eligible taxpaying families pay no income tax at all. having said that, my only fear is rather than a swap out they are an add on. >> that can be the problem that's happened in a lot of states. at the state level. they say we are going to do away with the sales tax and bring in an income tax. they tried to do that in tennessee where i lived and we pretty much stomped them into power and ran the politicians out on a rail that tried to do that. we would under with both rather than either or. on a federal level, as massive a move as that would be, it would have to be a complete shutdown of things as we nope it changes your personal residence, capital gains they go away. i
Search Results 0 to 29 of about 30 (some duplicates have been removed)